Samsung Elec third quarter profit nearly triples to new record

REUTERS

SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> on Tuesday said income from memory chips helped it book record quarterly profit for the three months through September, as the South Korean tech firm reported earnings that matched its earlier guidance.
Operating profit nearly tripled in the third quarter from the same period a year earlier to 14.5 trillion won (9.77 billion pounds), Samsung said in a regulatory filing. That compared with 14.5 trillion won estimated earlier in October.
Revenue jumped 29.8 percent to 62 trillion won, also in line with its earlier estimate.

(Reporting by Joyce Lee; Editing by Stephen Coates)

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